In June of this year, the Financial Conduct Authority (FCA) published guidance to ensure people who were impacted by coronavirus received support from their lenders. This included 3-month payment holidays and a hold on repossessions, regardless of what stage proceedings have reached. The previous guidance expired on 31 October and the FCA has announced what the next steps will be for mortgage borrowers. This most recent approach encourages lenders to take a bespoke approach to meet the needs of their customers who are in financial difficulty due to coronavirus. The FCA’s Interim Chief Executive Chris Woolard said: “Some consumers will continue to be impacted by coronavirus in the coming months, or be impacted for the first time. Consumers in these situations will benefit from firms providing them with tailored support. “However, it is very important that consumers who can afford to resume mortgage payments should do so for their own long-term interests and so that help can be targeted at those most in need.” You can find out more and download a copy of the FCA's guidance here.